Crypto Wallet Adoption Surges: A Deep Dive into the Growth of Major Altcoins

• The number of Bitcoin wallets surged by 32% surge over the past year, fostering a resilient market position with a $852 billion market cap.
• Cardano (ADA) shines with a 38% increase in wallets, coupled with a significant 19.04% weekly surge.
• Despite a 3.81% dip, Ethereum (ETH) stands strong, with a staggering 54% growth in wallets.

In a notable development, the past year has witnessed a remarkable 32% surge in the number of wallets holding Bitcoin (BTC), reaching an impressive 52.6 million. This growth has undoubtedly fueled the bullish momentum for the pioneer cryptocurrency. Despite a mild 2.94% increase in the past seven days, BTC stands firm at $43,535.34 with a market cap exceeding $852 billion. The 24-hour trading volume amounts to $21.77 billion, reflecting a substantial 33.88% dominance in the market. The Bitcoin community is poised for potential further expansion, considering the robust growth in wallet adoption over the last year.

In a recent tweet by crypto analytic firm, Santimentfeed unveils staggering growth in crypto wallets for $BTC, $ETH, $XRP, $ADA, $DOGE, and $LINK:

Contrary to Bitcoin's positive trajectory, Ethereum (ETH) has faced a slight setback in the past week, witnessing a 3.81% decline. Nevertheless, Ethereum continues to showcase strength in wallet adoption, with an impressive 54% growth, totaling 112.1 million wallets holding more than 0 coins. Despite the dip in weekly performance, ETH maintains its position as the second-largest cryptocurrency, with a market cap of $263.48 billion. The 24-hour trading volume is noteworthy at $8.02 billion, indicating an active and engaged user base.

Read full article at CryptoTale.